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4401  Economy / Economics / Re: How do you describe the situations of the crypto market today? on: January 20, 2019, 07:52:26 PM
really right now is a great opportunity for us to enter the market to get a big profit, because this year it seems the market will soar which makes many people get big profits later

I thought it to be true at 6000 dollars and I thought it to be true when we were approaching 5000. Now we are at 3000 and people are saying that it's a good moment to invest but what if it isn't? Are you going to be saying the same thing at 2000, 1000, below 1000?


this market is in serious need of a big purge to flush at least 1800 altcoin out of the market so that it can become a little cleaner and maybe become healthier.

Most altcoins are worthless but we can't be sure that if they weren't there the money would go to one of the top cryptocurrencies.
4402  Economy / Gambling discussion / Re: Is playing casino games online a good idea? on: January 20, 2019, 07:38:48 PM
Gambling is interesting and can be enjoyed in it but a lot of people want to live from it, you can not live by gambling. Online gambling in my opinion is much more risky and is more rigorous than gambling in the casino. I would not recommend, but if you have a lot of money and it's boring to you, you can easily have fun and maybe professionally.


I see this opinion repeated like a prayer throughout the forums. You definitely CAN make a living with gambling and many professional poker players are a proof that you are incorrect. Watch a poker tournament from time to time. Many people win a lot of money there and there's almost no risk involved because you pay a small entry fee and don't risk your own money.
4403  Economy / Gambling discussion / Re: Where to invest BTC other than in casino bankrolls? on: January 20, 2019, 12:24:56 AM
If you really want to put money into gambling industry try looking for startups. Maybe in some sites that focus on esports on some new startup rpg games that will use cryptocurrencies as game money?
If you don't care and just want to make money I'd be really looking into coins that are at 80% discount now ilke BTC, ETH, ADA, even LTC will go up when it goes through halving.
4404  Bitcoin / Press / Re: [2019-01-17]Ripple says Confusion on Crypto related holding back Mass Adoption on: January 20, 2019, 12:21:30 AM
People choosing ripple because of company dedication to improve and support of their project becaus ethey have a goal in the world of crypto.

Ripple is not a cryptocurrency. To this day I still don't understand how it managed to sneak into this space, let alone eat up so much of everyone's money. It's one of the great mysteries of our time and looks like it's always going to be one.

It sneaked there for the same reason why stablecoins are on coinmarketcap along with legit cryptocurrencies. Premined and centralized XRP is listed on the same table with USDt that could be made out of thin air and XRP that's nothing more than a token created by a greedy company that's keeping a lot of it for themselves in case stupid speculators pump it to 1 dollar at which point Garlinghouse and his friends would compete with Bezos and Gates on the list of the richest people in the world.
4405  Bitcoin / Bitcoin Discussion / Re: Will SEC never approve Bitcoin ETF? on: January 20, 2019, 12:09:13 AM
~snip~
They have nothing to gain by approving it and there has to be a lot of pressure and lobbying from the banks because the banks have a lot to lose.
I don't think that would be the case, if they'll approve it more exchanges will operate as it's expected that more people will adopt with crypto and since it's in the early stage now, we cannot be independent as most of the people still prefers fiat than crypto.
However, with the support of the bank, things will be possible, they will be the bridge and will influence people who do banking to also try crypto.
The sec also has something to lose which is their face if the ETF goes bankrupt. Bitcoin had some bugs that were patched. What if one doesn't get patched and makes the price crash enough to kill the ETF?

We don't need ETF yet.
I don't to comment on the technical aspect of bitcoin since I don't have enough knowledge on that, but the fact that bitcoin existed until now and successful, I think any problem that will come up has a solution from the crypto community.

They don't see it this way. To them it's only a burden. It's a technology that nobody controls and nobody will be responsible if something goes wrong. The only people responsible will be the SEC because they would be the ones who accepted it and thought it to be safe. There's no Satoshi to blame and when people lose money they look for scapegoats. Heads have to be rolling to satisfy the mob.
4406  Bitcoin / Press / Re: [2019-01-17]US academics say their shardy blockchain will be 10X faster than Vis on: January 19, 2019, 11:22:39 PM
Anybody can make a shitcoin that will be much faster than Bitcoin and not use as much energy. We already have coins that have that advantage and they aren't getting more popular than Bitcoin. Most of those new coins is dying in their first year. Litecoin can process 6 or 7 times more transactions per second than Bitcoin but I don't see it overtaking Bitcoin anytime soon.
4407  Bitcoin / Press / Re: [2019-01-19] Binance Sees Massive Uptake on: January 19, 2019, 11:18:24 PM
Considering the fees I find this hard to believe.

There are much cheaper EUR options and now Coinbase has GBP up and running there's not much reason to shop elsewhere for Brits either.

Good luck to 'em all the same but they're going to have to go some to compete.

The fees on coinbase aren't low. I was shocked to see how much they're charging per transaction. It can be ignored when you're simply buying to hold or selling to get out but if you're trading small amounts it's hard to make a profit on Coinbase with their $3 fee per conversion.
There is a theory that Bitcoin companies will keep growing until they eliminate competition and become giants that will destroy any signs of decentralization and free market just like Bitmain would do in mining if they continued with BTC instead of Bcash.
4408  Economy / Gambling discussion / Re: Outside risk: similarities between gambling and trading? on: January 19, 2019, 11:01:29 PM
There were many similar threads in this section you might want to look for them.
To me trading volatile markets and shitcoins is the same as gambling. In traditional markets you can do some TA because these markets work much slower and are less influenced by FUD. Trading cryptocurrencies is very hard and the volatility is very high. If you use leverage you are going to lose it all sooner or later.
4409  Alternate cryptocurrencies / Altcoin Discussion / Re: Fighting for bounty hunters right on: January 19, 2019, 08:22:25 PM
Most bounty hunters are too greedy and they fall prey to scammers. Go to any thread with bounties and you'll see scammers on top of scammers. On one side you have people using bought accounts to start bounty campaigns with no escrow and on the other you have bought and farmed accounts spamming the threads to get a few dollars worth of some new shitcoin. Nobody is going to help you fight for your rights!
4410  Bitcoin / Bitcoin Discussion / Re: The reasons for Satoshi's anonymity? on: January 19, 2019, 08:12:18 PM
There's a chance Satoshi could be dead. There were hurricanes and tsunamis in Asia in the year when he disappeared and many people disappeared and their bodies were never found. Even if he is alive and hiding it's good for him. He could become a target of extortions and blackmails if he suddenly came out and proved to be the founder.
4411  Bitcoin / Bitcoin Discussion / Re: Bitcoin - the future "stable coin" on: January 19, 2019, 07:42:31 PM
Now it is difficult to imagine that bitcoin will ever be able to be a stable coin, but it seems to me that the developers have taken into account this moment and the volatility of bitcoin is now temporary and acceptable for its development. And in the end, the price stabilizes, but when it happens is unknown.

Not to me. At the moment less than 5% people own or owned a cryptocurrency. If we were able to reach 5% worldwide adoption for Bitcoin alone it would make it so valuable and so stable that not many fiat currencies would be able to compete. The world still isn't ready for it though and Bitcoin also isn't ready because it can't process as many transactions.
4412  Bitcoin / Bitcoin Discussion / Re: Snapshot of the Crypto Market: Where are all of the women? on: January 19, 2019, 07:34:29 PM
Is this article shilling for ripple? I don't understand why among all the coins compared there's no Bitcoin but there are shitcoins like XRP and BCH and the title suggests that we are comparing the number of women in cryptocurrencies. Why would you ignore the most popular one and talk about a token that isn't even a cryptocurrency?

I don't find it strange that there's not a lot of women in crypto. There's also much less female mechanics, much less female soldiers, much less female hackers. And it doesn't mean they are worse at it because one of the best hackers in the world was a woman! They somehow aren't drawn to some aspects of life just like men aren't drawn as much to dancing and teaching young children. Go to any primary school and the vast majority of teachers will be female.
4413  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is Adopted what happen to ilerate population(stone age people) on: January 19, 2019, 07:24:42 PM
It's a funny question because the world has been evolving for centuries leaving some people ages behind. In the colonial era people in Africa were mostly hunting with spears and running half naked and the Europeans had warships, guns, brick houses with bathrooms, and many other things. 200 years later those villagers in Africa were still running half naked hunting in the jungle and the rest of the world had cars, aeroplanes, nuclear reactors. People get left behind. Deal with it.
4414  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What do you think about Tether? on: January 18, 2019, 11:29:34 PM
I don't use tether at all and I don't trust it. Tether is centralized and as long as they are auditing themselves I will not use them or trust in their promises. If they wanted to be transparent they would do it so you should ask yourself why aren't they? Maybe because they know that greedy idiots will keep coming and will be using their stablecoin because it's the most popular.
4415  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The bull is here on: January 18, 2019, 11:10:35 PM
We are in a bearish market and it will remain until institutional investors not enter crypto.
This can happen starting from January 2019 when BAKKT is launching.
Pumps are not equal with bull market.

In 2016 we were in a bear market and there were no institutional investors to bail us out and we recovered and went above the 2013 ATH. If this were to repeat we would have to break 20000 again by the end of the year. And we don't even need this much to call it a bull market once again. If we break 6000 it will already be a bull market. Is that so hard to do without institutions? Not in my book.
4416  Alternate cryptocurrencies / Altcoin Discussion / Re: Old coins vs new coins on: January 18, 2019, 10:48:41 PM
I think that some projects from both categories will die and other will grow into huge projects. Some old coins have already disappear and also some new ICOs are scam. So we will seee different coins on the market.

You are right. Some new projects will have their bull runs and some old projects will have to die. I just don't see all the current top 20 coins keeping their positions by the end of the year. The first ones to go will probably be SV and BCH. I wouldn't touch that those with a stick. At the same time there's this Grin that could be worth looking into.
4417  Alternate cryptocurrencies / Altcoin Discussion / Re: Is blockchain job friendly? on: January 18, 2019, 10:39:51 PM
What jobs will disappear? I guess the most unwanted ones. If we are to support decentralization then all the people responsible for managing debt and printing money will be the first to go.
The new industry will need people who are both bankers and coders at the same time because there will have to be a transitional period where old folks learn blockchain banking.
4418  Alternate cryptocurrencies / Altcoin Discussion / Re: I have to invest in bitcoin or ethereum. on: January 18, 2019, 10:35:59 PM
It depends on your own beliefs, but if you want to choose between bitcoin and ethereum, then I think you better choose both, bitcoin and ethereum are very popular in crypto and are very good for investment.

It's always better to choose Bitcoin. ETH is great if you compare it to other altcoins but it also has its own problems and in the short term it will always depend on Bitcoin.
This means that if Bitcoin goes down hard ETH will also go down hard. In the long term ETH can have a bull run independent of Bitcoin but for now it's like glued to it along with other altcoins. The safer choice is Bitcoin.
4419  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH to 800$ in JAN 2019? (after fork speculations) on: January 18, 2019, 10:27:13 PM
January 2019 is almost over. I think that Aether will not be able to achieve such a high price. At the moment, I doubt that he will be able to rise so much in the next few months.

It's only past its half. We still have almost 2 weeks left. How can you say that it's almost over?
With the fork delayed and possible vulnerabilities i'm not seeing it past 150 dollars in the near future. The only thing that could push it up earlier is a Bitcoin pump.
4420  Bitcoin / Press / Re: [2019-01-18]Daily bitcoin transactions on darknet markets doubled on: January 18, 2019, 09:40:39 PM

Works for me. Looks like it was a temporary problem.

No coiners be like: 'I knew Bitcoin is being used by criminals'.

This word is slowly becoming my personal favourite. There's even a definition!
https://www.urbandictionary.com/define.php?term=nocoiner


I see nothing wrong in this. Darknet is a part of the Internet like crime is a part of our lives whether we like it or not. There will always be crime, hacks, porn, drugs. There's much more crime being done with the use of traditional markets and fiat money than it is in the Internet.
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